ICRA Nepal Upgrades SY Panel Nepal’s Issuer Rating to BB+
Wed, Sep 24, 2025 10:58 AM on Latest, Corporate, Credit Rating,
ICRA Nepal Limited has upgraded the issuer rating of SY Panel Nepal Limited from [ICRANP-IR] BB to [ICRANP-IR] BB+, indicating a moderate risk of default in meeting financial obligations.
The rating reflects the general creditworthiness of the company and is not tied to any specific debt instrument. The “+” or “–” signs in ICRA ratings show relative positioning within a category, making BB+ one notch higher than BB.
